President Donald Trump announced last week that the US would impose a 15% tariff on imports from South Korea, including automobiles, as part of a broader agreement aimed at easing trade tensions. The reduced tariffs are scheduled to take effect starting Thursday.
In the technology sector, Minister Kim confirmed ongoing discussions regarding online platform legislation to prevent unfair treatment of US tech firms compared to domestic companies. “While digital issues were not part of the latest agreement, they remain a significant concern for the US government, Congress, and businesses,“ he said during a parliamentary session.
Finance Minister Koo Yun-cheol noted that the US has criticized South Korea’s quarantine process as overly slow and requested a more streamlined, science-based approach. - Reuters
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